Gold Loan
Who can borrow- Individual
Purpose- For any legitimate purpose
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Max Finance available:
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Up to Rs.10.00 lakh for members up to 1 lakh for nominal member
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Bullet repayment up to 2 lakh maximum 12 months only interest can be paid
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All gold loan accounts to be closed on or before due date.
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Appraisal Charges As Applicable
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Processing charges applicable as per chart.
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Prerequisites:
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Application form along with KYC documents, income proof of the applicants (Saving account to be opened)
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Compliance of key norms
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Pledge of gold ornaments
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Valuation of the ornaments of the gold pledged will be done by the society approved valuer in society premises.
Personal Loan
Who can borrow- Individual
Purpose- Personal needs such as Housing, education, medical emergencies, travel, business etc
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Max Finance available- Rs 50,000/-​
Repayment- 40 Months
Processing Chrages- 100/- Rs
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Compliance of KYC norms
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Income proof of applicants and guarantors
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Recent salary certificate
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Rental agreement
Mortgage Loan
Who can borrow- Individual
Purpose- Business, education, vehicle purchase etc.
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Limit Maximum- 1 crore
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Security- Mortgage of property
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Repayment period up to 180 months
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Processing fee- 0.10% of the loan amount
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Legal & Documentation charges on actual basis
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Prerequisites:
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Income tax returns/ any income proof for the last 3 years along with computation of income of individuals
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Compliance of KYC norms
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Audited financial statements for the last 3 years
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Originals of the documents of the property to be mortgaged.
IMMOVABLE PROPERTY LOAN
Who can borrow- Individual (Single/Jointly)
Purpose- House construction, purchase of constructed property and other purpose
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Limit Maximum- 1 crore for individuals for house purchase. It depends on valuation and project report as applicable up to 10 lakh for repair/ alteration
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Security- Mortgage of residential/ commercial premises to be purchased/ constructed
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Margin- Valuation of property according government rates and bank engineer valuation
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Repayment Period- Max 180 months
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Processing Fees- 0.65% + tax as applicable from time to time
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Legal & Documentation charge on actual basis
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Prerequisites:
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Income tax returns/ income proof for the last 3 years along with computation of income
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Compliance of KYC norms
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Originals Copies of the relevant documents of the property to be purchased/ constructed